Dominican Republic: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in the Dominican Republic

After two years of decline, the Dominican market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 14% to $X in 2021. Over the period under review, consumption showed a moderate increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in the Dominican Republic

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates expanded markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable increase. The pace of growth appeared the most rapid in 2015 with an increase of 101%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports from the Dominican Republic

For the third year in a row, the Dominican Republic recorded growth in shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates, which increased by 25% to X tons in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,312% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 1,636% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from the Dominican Republic, accounting for a 48% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to the United States exceeded the volume sent to the second major destination, Turks and Caicos Islands (X tons), threefold. British Virgin Islands (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +112.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+74.9% per year) and British Virgin Islands (+40.4% per year).

In value terms, the United States ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from the Dominican Republic, comprising 87% of total exports. The second position in the ranking was held by Turks and Caicos Islands ($X), with a 4.3% share of total exports. It was followed by British Virgin Islands, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +129.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turks and Caicos Islands (+50.6% per year) and British Virgin Islands (+22.9% per year).

Export Prices by Country

In 2021, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, surging by 68% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 534% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports into the Dominican Republic

In 2021, purchases abroad of gravel, pebbles and crushed stone for concrete and road aggregates increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 169% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. Overall, imports showed a mild increase. The growth pace was the most rapid in 2015 when imports increased by 193% against the previous year. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Haiti (X tons) and China (X tons) were the main suppliers of imports of gravel, pebbles and crushed stone for concrete and road aggregates to the Dominican Republic, with a combined 93% share of total imports. These countries were followed by Spain and Brazil, which together accounted for a further 5.9%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +41.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates suppliers to the Dominican Republic were the United States ($X), Haiti ($X) and China ($X), with a combined 80% share of total imports. These countries were followed by Brazil and Spain, which together accounted for a further 13%.

Among the main suppliers, Spain, with a CAGR of +65.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, rising by 62% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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